#BTC DOMINANCE Analysis

BTC Dominance has broken out of the ascending wedge pattern with significant volume, signaling potential bearish momentum. Currently, it is recovering from the 100-day moving average, which is providing support, while the 50-day moving average is acting as a resistance level above.

A breakout above the 50MA could trigger further bullish movement, while a breakdown below the 100MA would continue to confirm the bearish trend. Keep a close eye on price action as these levels will determine the next directional move.

Remember, BTC Dominance often moves inversely to the altcoin market capitalization—continued weakness here could benefit altcoin performance.